A 40 percent chance of showers and thunderstorms, mainly before 10pm. Cloudy, then gradually becoming partly cloudy, with a low around 61. South southeast wind 6 to 8 mph. New rainfall amounts of less than a tenth of an inch, except higher amounts possible in thunderstorms.
South Africa annual inflation rate accelerated for the fifth straight month to 5 percent in July of 2015 from 4.7 percent in June, in line with market expectations. It is the highest figure since December last year pushed by higher utilities cost.outh Africa Inflation Rate Slows in August. Transport prices went down 0.7 percent (+0.8 percent in July), driven by a 7.6 percent drop in petrol cost and a 5.5 percent fall in cost of private transport operation.
Inflation targeting was pioneered in New Zealand in 1990. In emerging markets, Chile was the pioneer, adopting an inflation target in 1991. A 20% inflation rate pushed the Central Bank of Chile to announce at the end of 1990 an inflation objective for the annual inflation rate for the year ending in December 1991.